Modern Russia highlights KPMG’s Doing Business in Russia report

This is the introductory post in a series highlighting KPMG’s annual “Doing Business in Russia” report.

For investors in the Russian market there is an array of resources available online when it comes to starting a successful business in Russia. Among those is KPMG’s annual report, entitled, “Doing Business in Russia.” The document, an invaluable resource to those with an interest in the Russian market, aims to provide expert insight into common business regulations.

The Doing Business in Russia report provides an economic overview of the country and introduces the relevant tax and legal issues important for those who seek to do business there.

Modern Russia will be highlighting the various aspects of this report in the coming weeks.

This five-part series will explore the following major highlights of the Doing Business in Russia report while helping answer fundamental questions:

1.    Part I – An introduction to the investment climate in Russia

What are the recent innovation developments?
What is it like to live and work in Russia?

2.    Part II – Starting a business in Russia

What are the different routes to take to form a business?
What licensing requirements are necessary?

3.    Part III – Complying with company and labor law

What are the labor regulations in Russia?
How do employment conditions differ in Russia?

4.    Part IV – Business and personal taxation

What are the requirements for tax registration?
How to business taxes differ from special tax regimes and personal taxes?

5.    Part V – Reporting on financials

What are Russia’s accounting principles?
What audit requirements are necessary?

 
Key facts about KPMG

•    A global company providing audit, tax and advisory services
•    KPMG has a presence in 150 countries around the world
•    The company has been in Russia since 1990
•    In 2009, KPMG in Russia and the CIS merged with KPMG Europe LLP
•    KPMG’s goals in Russia include using the firm's global intellectual potential, combined with the practical experience of Russian professionals, to help leading companies to achieve their goals